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Positional Call :-
Start Accumulating Shorts in Nifty Futures from Monday (28.04.2008) with a Stop Loss 5241 (On Closing Basis) Target 5000 & 4920.
Reasons for Shorting :-
1.Markets may witness profit taking after a continuous bull rally of around 400-500 points on Nifty from 4600/4650 levels.
2.Markets are expected to move in a range only there is no strong point of reason for the markets to rally straight away in the upward directions only from here.
3.Inflation figures are still high above 7%, inspite of the govt taking stringent actions in past 2 weeks to curb inflation & bring down the prices of steel,edible oil,rice etc.So we are again in the same position & it may inch upto 8% too in the coming future.
4.In Fridays trading session only select large caps like Bharti,RIL,SBI,HDFC & Icici Bank participated in the Rally & rest most of the Mid Cap stocks indicated selling preasure & market breadth does not seems to be so strong.
So the above all points are indicating not much upside in the markets from here & thus will witness selling preasure at every higher levels.
We are advicing our Clients to book profits from shares which are in profits & avoid fresh buying as of now & wait for lower levels after profit taking/correction in the markets now.
We adviced to our paid clients & posted in our website www.sharebazaartip.blogspot.com to Accumulate Nifty futures around 4600-4650 levels & recommended positional call in futures & investment call at that point of time so now we are booking profits & avoiding any kind of fresh buying as of now.
FOR MORE CALLS & ANALYSIS CALL/SMS US @ 09830056562 OR ADD OUR Yahoo Messenger Id - anupamadvisory
Regards,
Anupam Dujari
Email address - anupamadvisory@yahoo.com
Website Link - www.sharebazaartip.blogspot.com
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